If you are to get the most benefit out of the planning process that leads to a written business plan, you have to be the most critical reader of the plan. |
A written business plan is virtually a requirement if you intend to obtain a line of credit or loan. While it appears that some banks are becoming more willing to deal with small startups, it's ... |
By its nature, a business plan requires you to project how events will turn out in the future. If the assumptions on which you base your planning are sound, ... |
Very few businesses deal exclusively in the provision of goods or in the performance of services. For planning purposes, however, it is useful to consider whether your business is primarily a ... |
The starting point of a service business is the fact that there are certain things that people will pay to have done for them. Maybe they don't know how to do these things themselves. Maybe they ... |
A business primarily engaged in the sale of products has a focus that is different from that of a service-based business. In a product-based business, customers don't, for the most part, expect ... |
A business that provides its customers with both goods and services will probably have a somewhat more complicated business plan than a business that primarily provides either goods or services. ... |
By the time you decide to draft a business plan, the planning process has probably been going on for quite some time, at least in your head. Many portions of the plan will be derived from the ... |
Whether you're in business now or you're just beginning, the starting point of writing a plan includes a thorough analysis of where you (and your business) stand. |
If you're preparing a business plan for an existing business, you'll find the financial and operating information developed over the business's life to be absolutely essential. This historical ... |
